Logo
Cardano Ecosystem

CoinDesk

06/12/2023

·

105 views


Cardano Developer IOG Restructures to Venture Studio Model, Lays Off Some Staff

The blockchain research and engineering company has cut jobs as it pivots to a smaller venture studio business model.

Cardano Developer IOG Restructures to Venture Studio Model, Lays Off Some Staff

Cardano developer Input Output Global (IOG) has laid off an unspecified number of employees as the company restructures into a “venture studio” with a smaller core business model, IOG and Cardano co-founder Charles Hoskinson told CoinDesk.

“IOG has been restructuring into a venture studio where its core is smaller and it has many spin-offs,” Hoskinson said.

He added, “As we move into this new business model, we’ve consolidated and eliminated groups that are redundant or not relevant to the new model.”

The new venture studio model will have a number of spinoffs, including a wallet division, Lace; an identity framework, Prism; and Cardano-related infrastructures.

Despite the layoffs, IOG is continuing to "hire and grow," Hoskinson told CoinDesk. He did not specify the roles for which the company is hiring, nor the number of employees it will hire.

An IOG representative did not immediately reply to CoinDesk’s request for comment on which roles the company eliminated.

AD

@CardanoFeed - Follow us on X (formerly Twitter)

Stay informed with the latest $ADA Cardano news in real time.FOLLOW NOW!


Read Original Article on CoinDesk

ORIGINAL SOURCE

https://www.coindesk.com/business/2023/0...

Disclaimer: Cardano Feed is a Decentralized News Aggregator that enables journalists, influencers, editors, publishers, websites and community members to share news about the Cardano Ecosystem. User must always do their own research and none of those articles are financial advices. The content is for informational purposes only and does not necessarily reflect our opinion.


.

More from CoinDesk

See more
Crypto Exchange BIT Unveils Options Market for Cardano's ADA Token
CoinDesk
Crypto Exchange BIT Unveils Options Market for Cardano's ADA Token

06/21/2023

·

89 views

Related News

See more

Featured News

See more



    DEFAULTENGLISH (EN)SPANISH (ES)RUSSIAN (RU)GERMAN (DE)ITALIAN (IT)POLISH (PL)HUNGARIAN (HU)JAPANESE (JA)THAI (TH)ARABIC (AR)VIETNAMESE (VI)PERSIAN (FA)GREEK (EL)INDONESIAN (ID)ROMANIAN (RO)KOREAN (KO)FRENCH (FR)CZECH (CS)PORTUGUESE (PT)TURKISH (TR)